Politics are politics. Any time more than 10 people form an organization, there are odd political heuristics used by the establishment that can be gamed.

I apparently missed the part were he took part of the money for himself and his friends after his "business" failed.

He apparently refused to do so...

>> When I graduated, Chess Club had $500 in the bank. I considered holding one last tournament with massive prizes, but ultimately decided to leave the money for future generations of Chess Club.